British American Tobacco (LON:BATS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of British American Tobacco p.l.c. (LON:BATS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,396.20 and traded as high as GBX 4,610. British American Tobacco shares last traded at GBX 4,588, with a volume of 3,227,165 shares.

Analyst Upgrades and Downgrades

BATS has been the subject of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,200 price target on shares of British American Tobacco in a research note on Tuesday, June 9th. UBS Group reaffirmed a “buy” rating and set a GBX 5,750 price target on shares of British American Tobacco in a research note on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,708.33.

British American Tobacco Stock Up 0.3%

The company has a market capitalization of £99.17 billion, a P/E ratio of 13.14, a PEG ratio of 3.12 and a beta of 0.13. The firm’s 50 day moving average price is GBX 4,487.97 and its two-hundred day moving average price is GBX 4,396.20. The company has a current ratio of 0.87, a quick ratio of 0.47 and a debt-to-equity ratio of 74.60.

Insider Activity at British American Tobacco

In other news, insider Serpil Timuray bought 47 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of GBX 4,372 per share, with a total value of £2,054.84. Also, insider Tadeu Marroco sold 9,383 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 4,284, for a total transaction of £401,967.72. Insiders have bought a total of 11,500 shares of company stock valued at $50,239,654 over the last ninety days. Company insiders own 0.12% of the company’s stock.

British American Tobacco Company Profile

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.